Company Profile For OAO "Novatek"

OAO "Novatek" (NVTK.MM) (Moscow Interbank Currency Exchange)

sector: Energy · industry: Integrated Oil & Gas ·

As of 6 Nov 2009

142.00RUB

Price Change

+21.60

Percent Change

+17.94%

Analyst Recommendations

Overview

NOVATEK OAO (NOVATEK JSC) is a Russia-based natural gas producer. The Company is engaged in the acquisition, exploration, development, production and processing of natural gas and liquid hydrocarbons with its core operations of oil and gas properties located and incorporated in Yamal-Nenets Autonomous Region (YNAO) of the Russian Federation. It is also active in natural gas transportation and marketing. The Company operates through 17 subsidiaries, three affiliated companies, one branch in Moscow, as well as five representative offices in Novokuybyshevsk, Samara, Salekhard, Tyumen’ and in London. The Company’s three core fields are Yurkharovskoye, Vostochno-Tarkosalinskoye and Khancheyskoye.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, NOVATEK OAO's total revenue decreased 5% to RUR40.13B. Net income for the period decreased 36% to RUR9.31B. Total revenue reflects lower revenue form exploration, polymer production and marketing business segments within United States and other geographical segments. Net income suffered from lower operating margins, mainly due to higher general, administrative and transportation expenses.